Bitdeer Technologies Group’s (BTDR) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research report report published on Wednesday,Benzinga reports. HC Wainwright currently has a $21.00 target price on the stock, down from their prior target price of $22.00.

BTDR has been the subject of a number of other reports. Keefe, Bruyette & Woods assumed coverage on shares of Bitdeer Technologies Group in a research note on Monday, January 27th. They set an “outperform” rating and a $26.50 target price for the company. Northland Securities boosted their target price on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Benchmark boosted their target price on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 9th. B. Riley boosted their target price on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $30.00 target price on shares of Bitdeer Technologies Group in a research note on Monday, February 24th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $21.18.

Bitdeer Technologies Group Stock Up 13.0 %

NASDAQ BTDR opened at $12.31 on Wednesday. The company has a fifty day moving average of $18.29 and a two-hundred day moving average of $12.81. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -23.67 and a beta of 2.04. Bitdeer Technologies Group has a 52 week low of $5.23 and a 52 week high of $26.99.

Institutional Investors Weigh In On Bitdeer Technologies Group

A number of large investors have recently modified their holdings of BTDR. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth about $65,010,000. Trivest Advisors Ltd purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth about $48,481,000. Van ECK Associates Corp purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth about $29,125,000. Renaissance Technologies LLC grew its stake in shares of Bitdeer Technologies Group by 3,558.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company’s stock worth $26,876,000 after acquiring an additional 1,206,361 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth about $16,834,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

About Bitdeer Technologies Group

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.